ICICI Securities lifts ASK Automotive target to Rs 750, maintains buy

moneycontrol.com

ICICI Securities on August 6, 2026 maintained a buy rating on ASK Automotive, raising its target price to Rs 750 from Rs 625 after strong quarterly results. The brokerage noted EBITDA grew 34% year-on-year, about 20% above its estimate, driven by market share gains in the ALP business and commodity pass-through. It raised FY27/28 EPS estimates by 5-10%. ASK has consistently outpaced its underlying two-wheeler industry growth through EV transition, new business, and PV expansion. Export recovery, alloy wheels, and sunroof cable dispatches may support growth; ABS regulations remain a monitorable.


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ICICI Securities lifts ASK Automotive target to Rs 750, maintains buy | News Minimalist